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Dear Friend,
 
The latest monthly inflation data from the Australian Bureau of Statistics confirms inflation is still homegrown, too high and sticky.
 
It also shows Australia is at the back of the pack and families are paying the price.
 
Headline inflation was above market expectation at 3.5 per cent, while core inflation remains stubbornly high at 3.8 per cent. 
 
Since the election, the price of everything has gone up 10 per cent, including:
 
🏥  Health up 11%
📚  Education up 11%
🍞  Food up 12%
💡  Electricity up 14% (even after rebates)
🏠  Housing up 15%
🏘️  Rents up 16%
🏦  Financial and insurance up 17%
🔥  Gas up 33%
 
Fruit and vegetable prices have seen their highest rise since December 2022.
 
This year, inflation has fallen in every major advanced economy. In Australia, it hasn’t.
 
Rate cuts are on the cards in other economies. In Australia, the Reserve Bank has said they are not expecting any cuts this year.
 
Labor has had three budgets and two years to get this under control, instead their policies have made matters worse. The Government has spent more time fighting the Opposition than fighting inflation.
 
Australians’ living standards are falling by levels not seen in other advanced economies. We are in a per capita recession.
 
A Peter Dutton-led Coalition government will get Australia back on track.
 
We will deliver strong economic management that fights inflation and boosts productivity.
 
We will be absolutely focused on restoring Australians’ way of life.

Kind regards,
 

Angus Taylor
Shadow Treasurer

 

Authorised by A. Hirst, Liberal, Canberra.
 
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